Trade Plan for Wednesday: Nifty Bank Nifty Intraday Gann Levels

Nifty and Bank Nifty recovered from the day’s low and closed higher today.

Nifty held the support zone 17380-360 on a closing basis and closed above the 17480 resistance. Now to continue this bullish momentum, bulls need to hold the 17430-20 zone. On the upside, 17670 is the resistance level.

Bank Nifty also held the 36800 support level on a closing basis. But it didn’t close above the 37300-37500 resistance zone. Until Bank Index holds 36800 (on a closing basis), it is positive and can again move back above 38000 levels.

Nifty and Bank Nifty recovered from the Gann Angle Line Support

Nifty Intraday Levels

Nifty bulls need to break & sustain above 17580 to move towards 17620/17670/17740 levels.

On the lower side, the Gann support level is 17520; below that Index can move towards 17480/17420/17360.

Bank Nifty recovered from the Gann Angle Line Support

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 37350 to move towards 37500/37700/37850.

On the lower side, the Gann support level is 36990; below that Bank Nifty Index can move towards 36850/36650/36400 levels.

Note: The above levels are for educational purposes only, not Buy/Sell advice.

About the author

Divesh Jotwani is a full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day-in and-out markets.